261 Gerrard St E
Toronto, M5A2G1
For Sale
$2,299,000
➧
➧
Multi-Use
CATEGORY3,387 Sq Ft
TOTAL AREAC8422740
MLSIDContact Us
Property Description
Excellent investment a short distance to Downtown, highways, and walkable neighbourhood. Beautiful historic yellow-brick Cabbagetown Victorian building, fully renovated and updated. Bright offices and apartments. Busy, thriving commercial neighbours. Well-maintained open-concept commercial space on the main floor. Two huge 1-bedroom apartments on top two floors. Can be converted as desired. 2-3 Car parking and rear lane access. *Vacant possession on request*. *6.13% Stabilized Cap Rate.*
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Extras
Rentable, full-height, finished basement with separate entrance, washroom, and open-concept meeting area. This adds 1457 square feet to the rentable area. Current basement commercial tenant willing to stay.
Property Details
Category
Multi-Use
Zoning
Multi-Use (2 Commercial / 2 residential)
Total Area
3,387 Sq Ft
Office/Apartment Area
40.0
Lot Size
20' x 129'
Taxes
$4,855 (2023)
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Listing contracted with Royal Lepage Estate Realty
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